Offer payday loans as an employee benefit, this start-up says


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In payday broker Cash Lady was widely criticised over an advertising campaign which featured Kerry Katona. It will also help you make your case should you seek a business loan or a relationship with private investors. Such consumers could potentially be forced to illegal sources if not for payday loans. That can be acceptable to the borrower if the payday loan is more convenient than an overdraft, or some other sort of arranged loan, and is taken for just a few days. To qualify for a payday loan you typically need an active bank account, ID and proof of income.

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 · A payday loan (also called a payday advance, salary loan, payroll loan, A report produced by the Cato Institute found that the cost of the loans is overstated, the cap will help drive up standards in a sector that badly needs to improve how it treats its customers.”  · Payday loans in the United Kingdom are typically loans of up to £ to be repaid over a short term, or until "payday". In the absence of restrictions on interest rates the typical annual percentage rate (APR) for payday loans can be 1,% APR or  · A startup tries to fix payday lending. FORTUNE — Payday loans are considered a dirty business, both figuratively and literally. Sign up for Dan’s daily email newsletter on deals

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